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6102 W Mulberry Drive Phoenix, AZ 85033

5 Beds 3 Baths 1,500 sqft Built 1960

$275,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $183.33
  • 14 Days on Market
  • MLS # : 6194375
  • Updated Date : 02/27/2021 at 21:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,500 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

LOCATION, MOVE IN READY ! IN A CORNET LOT, PERFECT FOR A BIG FAMILY, THIS PROPERTY HAS 5 BEDROOMS 3 BATHS WITH RV GATE. HURRY , IT WON'T LAST LONG.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Bret R. Tarver Elementary School Primary Regular 896 40 3
Desert Sands Middle School Middle Regular 1,103 48 2
Maryvale High School High Regular 2,948 132 2

Bret R. Tarver Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 40
3
GreatSchools Rating

Desert Sands Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 48
2
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$955
Property Tax -$166
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$66

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,246

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,210

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,230

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,149
1$1,1492$1,2103$1,3454$1,395
$1,395
RENT COMPS ANALYSIS
  • 6102 W Mulberry Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 1,500 Sqft ∙ Built 1960 5 beds 3 baths ∙ 1,500 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.81
    •  
  • 6802 W Highland Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.82
    •  
  • 6241 W Wolf Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
  • 6136 W Clarendon Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1958
    LEASED 02/03/22
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
PROPERTY LISTING DETAILS
Enrique Ceballos
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194375
Last Updated: 02/27/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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